Yatharth Hospitals Q3 FY26 Revenue Soars 46% YoY to ₹320.5 Crore on New Hospital Growth
Yatharth Hospital's Q3 FY26 revenue surged 46% YoY to ₹320.5 crore, driven by new hospitals in Delhi and Faridabad contributing 9% of group revenue. EBITDA grew 35% YoY to ₹74.2 crore. The company integrated the Agra hospital and plans to add 3,000 beds in 3-4 years. Management expects Q4 FY26 to outperform Q3.
The significant revenue growth, strong profitability, successful integration of new facilities, and clear expansion plans indicate a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year revenue and profit growth, exceeding expectations, with new facilities rapidly scaling up and contributing positively. The integration of a new hospital and positive outlook for the next quarter further support a positive sentiment.
Yatharth Hospital & Trauma Care Services Limited reported a robust performance for the third quarter of FY26, with revenues surging by 46% year-on-year to ₹320.5 crore. This growth was primarily driven by the strong ramp-up of its newly operational New Delhi and Faridabad Sector-20 hospitals, which contributed ₹27.9 crore (9% of group revenues) in their first full quarter. The Faridabad Sector-20 hospital achieved a monthly revenue run rate of ₹7-8 crore within three months of launch, while the New Delhi hospital is generating a monthly run rate of close to ₹5 crore. Both new facilities are exclusively generating revenue from cash and TPA (private insurance), with impressive initial Average Revenue Per Operating Bed (ARPOB) figures of approximately ₹40,000 for New Delhi and ₹36,000 for Faridabad Sector-20, surpassing the group average.
The company also announced the full integration of its Agra hospital into the Yatharth network, effective February 1, 2026. This facility, which had revenues of ₹45-50 crore in the preceding 12 months and is already EBITDA and P&L positive, is expected to contribute significantly from the current quarter.
Financially, the company reported its highest-ever quarterly revenue of ₹3,205 million (₹320.5 crore), a 46% year-on-year and 15% quarter-on-quarter increase. EBITDA reached ₹74.2 crore, up 35% year-on-year, with adjusted EBITDA margin at a strong 29.2%. Net profit after tax stood at ₹43.1 crore, a 41% year-on-year increase. Occupancy across the network was healthy at 67%, with Noida hospital leading at 91%.
Looking ahead, Yatharth Hospitals plans to add approximately 3,000 beds over the next 3-4 years, taking its total capacity to 5,000-6,000 beds. The company aims to reduce its government business mix to 25-28% within two years and is focused on enhancing operational efficiencies and exploring new growth avenues. The management expressed confidence in Q4 FY26 performance, expecting it to be even better than Q3 due to the integration of new hospitals. The company's net cash position as of December 31, 2025, was around ₹200 crore.
The transcript of the earnings conference call, held on February 6, 2026, discussing these results and future outlook, has been submitted to the stock exchanges.
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